Service Properties Trust Board Sends Response Letter to Blackwells Capital
Business Wire•13/11/2026•11:00 ET
1
Key Highlights
- ➤77 retained hotels targeted to add approximately $109 million EBITDA within 12–24 months
- ➤SVC plans to begin selling retained hotels in 2027, substantially completing sales by end-2028
- ➤Hotel-sale proceeds targeted to reduce leverage from nine times to no more than five times net debt to Adjusted EBITDA
- ➤Board unanimously rejected Blackwells Capital’s requests as not in shareholders’ best interests
- ➤SVC aims to complete transition into a deleveraged pure-play triple net lease REIT
Service Properties Trust Board Sends Response Letter to Blackwells Capital
Board Reaffirms Strategy to Grow Retained Hotel EBITDA Before Beginning Sales in 2027, Completing SVC’s Transition to a Deleveraged Pure-Play Triple Net Lease REIT
Get started
Create a free account to read the full story.